End ObamaCare’s Health Insurance Monopoly

Fact is, “ObamaCare” – which is properly known as the Patient Protection and Affordable Care Act, or ACA for short – though it’s monikered with POTUS Obama’s name, was largely a Republican brainchild from the über-conservative Heritage Institution.

The cornerstone of the act is predicated upon two items which are the very heart of the act: 1.) Guaranteed Coverage, and; 2.) Community Rating.

In was, in essence

What Underutilized Renewable Alabama Resource Could Catapult The State Economically?

Soon, the Alabama state legislature will reconvene, and soon enough, they will – once again – be faced with enormous fiscal shortfalls.

And, once again as well, the Republican super-dominated Alabama state legislature will be reticent, reluctant, and recalcitrant to raise taxes… except upon those least capable of paying them. I refer, of course, to the impoverished, which – according to the United States Census Bureau – comprise nearly 20% of Alabama’s population. And with a population estimated at 4,849,377, that’s 901, 984 people, who annually, according to the research,

Alabama Lawmaker Arthur Orr has Big Idea to Destroy State’s Competitive Business

Alabama State Senator Arthur Orr (R, Decatur) has proposed eliminating the Alcoholic Beverage Control Board‘s retail outlets statewide.

Senator Orr represents the Third District, which includes Morgan, Madison and Limestone counties in the Alabama State Senate.

He attempts to justify his position by asking a rhetorical question, on pretense of being modern: “The fundamental question, I think, for us as legislators and as a state, is, should the state of Alabama

Man that predicted Great Recession dead aged 90

Jay Levy, Part of ‘Dynasty’ That Forecast 2008 Crash, Dies at 90

Jay Levy, who worked with his father, then his son, to publish an economics-forecasting newsletter, now in its seventh decade, that predicted the collapse in housing and latest recession, has died. He was 90.

He died on Oct. 4 at Northern Westchester Hospital in Mount Kisco, New York, according to his son, David. The cause was pneumonia. A resident of Somers, New York, he had suffered a series of mini-strokes in recent years.

The Levy Forecast, founded in 1949 as Industry Forecast, bills itself as the oldest paid newsletter devoted to economic analysis in the U.S. It is published by the Mount Kisco-based Jerome Levy Forecasting Center LLC, of which Levy was most recently senior counsel and managing director. The center carries the name of his father, Jerome, who died in 1967. Jay Levy’s son, David Levy, is chairman. They were part of what Forbes magazine, in 1983, called “a kind of economic dynasty.”

Levy and his son were “right as rain” in predicting the financial crisis and recession that began in 2007-2008, Alan Abelson wrote in Barron’s in January 2009.

Among the red flags they had raised was this from the November 2005 Levy Forecast:

“Just as the last recession was caused by

What does an unregulated, “free market economy” look like?

{Ed note: This post is dedicated to: governmental deregulators, those whom subscribe to the school of Austrian economics, and their defenders, the ivory-towered theorists of the Mises Institute, whose pie-in-the-sky ramblings are errant and theoretical only, having no real world solutions to real world problems – and whom, ironically enough, have never created anything of any value.}

Let’s travel to La Riconada, Peru – once an outpost for men in the Andes of South America, now an increasingly populous village/town/city, which at approximately 30,000 population, and 16,732 feet above sea level, is reputedly the highest elevated human habitation in the world.

Because of an increase in the global price of gold, physicians & attorneys among others, have flocked to the area, seeking their fortunes, to work in a gold mine in the area.

Here are some interesting photos… and heart-wrenching descriptions of what it is like for people to live in an area that has no formal economy, no taxes and no government services.

Electricity and cell phone service are reliable but sewage and trash collection are non-existent. Even with the harsh conditions, the city’s population keeps growing. Photo by Michael Robinson Chavez/ Los Angeles Times.

Free Market Government Deconstruction -or- What’s happening here?

Ed Note: What you’re about to read is a letter which I had sent to a long-time and very close friend after having read the article supplied via link at the close. 

This is as clear a picture as any.

The driving & motivating philosophical ideology of those Radical Republicans – among whom Newt Gingrich is chief – is wholesale de-regulation in every area, even to the extent that government is disbanded – thus resulting in anarchy.

They believe in a “Free Willy, Free Market” that is utopian & idealistic in nature, meaning it is a fantasy, rather than a solution based upon reality.

They are – as I have proclaimed for years –